Costly food items take inflation to new high at 5.76%

On Monday, almost all TV channels left their coverage on Udta Punjab verdict midway and cut LIVE to an impromptu press conference by Union Finance Minister Arun Jaitley on how India had been transformed from a country of ‘policy paralysis’ into a country known as a ‘bright spot.’

Soon the channels realised the finance minister’s press conference lacked any breaking news and they returned to broadcast the remaining coverage on Udta Punjab verdict.

Minutes later, the news that appeared to sharply contradict Jaitley’s claims on India’s economy came in. It said that the rate of inflation had gone even higher because of ever rising prices of essential commodities.